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All homeowners are property investors, and it's their largest asset. If their children expect to inherit then they're also long-term property investors.

Georgism is based on land taxes to avoid this distortionary motive.

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But prices go up at the same time so what's the difference. It's better than renting, but house prices going up isn't beneficial.

There’s still arbitrage to be had - gains are often in percentage terms so when you downsize or move to a cheaper area you pocket the difference. You could also own more than one property, do sweat equity to increase value etc. I could go on.

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